3M Company acquired Arizant Inc., a transaction completed in October 2010, structured as Acquisition.
Arizant Inc. operates in Health Care (Infection Prevention), is based in United States. Arizant, based in Eden Prairie, Minnesota, created the forced-air patient-warming category with its Bair Hugger therapy and also makes the Bair Paws adjustable warming system and Ranger blood/fluid warming systems used to keep surgical patients at normal body temperature. 3M acquired the company (previously majority-owned by Court Square Capital) to expand its infection-prevention platform, since maintaining normothermia helps reduce surgical site infections.
Patient warming is a strategic adjacency to 3M's infection-prevention business and supports international growth.
Advisory firms were not disclosed for this transaction.